Word: gattes
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Dates: during 1980-1989
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...Uruguay Round of trade negotiations, launched in the beach resort of Punta del Este two years ago. The purpose of the Montreal gathering, held under the auspices of the 1947 General Agreement on Tariffs and Trade: to establish guidelines for furthering free trade. Instead, last week's GATT meetings, involving delegates from 103 nations, were dominated by an inconclusive and bitter row between the U.S. and the European Community. The chief issue was an American demand that all nations agree to the total elimination of subsidies to farmers, which the U.S. believes distort international trade...
...liberalization of trade extends beyond Canada and the U.S. Multilateral negotiations among 96 nations of the General Agreement on Tariffs and Trade (GATT) are scheduled to continue in Montreal next week, and the Canadian approval of the bilateral agreement should have a positive impact on those talks. Several items incorporated into the U.S.-Canada accord, including intellectual property rights and the liberalization of agriculture and service industries, will be on the table in Montreal...
...such capitalist cabals as the General Agreement on Tariffs and Trade and the International Monetary Fund. The question is whether they are willing to make the substantial accommodations involved. Says Peter Peterson, former Commerce Secretary under Richard Nixon and now chairman of the Council on Foreign Relations: "For GATT, this would mean having market prices for commodities in order to prevent unfair dumping practices. For the IMF, this would mean, among other things, being open about the size of their gold reserves...
...umbrella for the new talks will be the General Agreement on Tariffs and Trade, a treaty created in 1947 and administered by a staff based in Geneva. The GATT group, which includes 92 countries, has staged seven epic rounds of trade talks, the most recent one dragging on from 1973 to 1979. The negotiations brought substantial reductions in tariffs, but GATT members thought it was time for another round. Reason: too many countries have circumvented the group's rules by raising a thicket of nontariff barriers, including import quotas, product standards and other obstacles to free trade. Said Leopoldo Tettamanti...
...Administration sees the GATT round as a way to pre-empt Congress, since productive trade talks could open up foreign markets to increased U.S. exports. To cover every possible angle at the GATT session, the White House sent, along with Yeutter, a heavy-hitting team: Commerce Secretary Malcolm Baldrige, Agriculture Secretary Richard Lyng and nearly 60 other delegates...